To amend the Internal Revenue Code of 1986 to modify and make refundable the credit for expenses for household and dependent care services necessary for gainful employment.

Summary

Amends the Internal Revenue Code to revise the tax credit for household and dependent care services necessary for gainful employment by: (1) allowing a credit amount of $3,000 for each qualifying individual; (2) increasing to $125,000 the adjusted gross income threshold amount at which credit amounts are reduced; (3) providing for an inflation adjustment to such credit and threshold amounts; and (4) making the credit refundable.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 May 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 11 May 2005

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• Introduced in House

  summary · EN · 11 May 2005

  Open at official source

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